Tron Foundation’s China Partner Announces a $30 Million Incentive Plan for TRC20-based USDT Holders
Raybo Technologies, the China Partner of Tron Foundation has announced a new $30 million incentive plan to reward the holders of Tether’s TRC20 based-USDT token.
The Beijing-based technology company has announced a 30-day giveaway that will begin from July 15. The holders of TRC20-based USDT will receive an airdrop bonus on a daily basis, with up to 100 percent annualized percentage rate. This giveaway is supported by crypto exchanges including Huobi, Kucoin, and OKEx.
The $30 million incentive plan, that has no cap, offers the features of long duration – lasting for 30 days, free of charge, and attractive reward in the form of annualized interest rate reaching as high as 100%.
In March, Tether had first announced its partnership with Tron to launch its controversial stablecoin as a native token on the Tron blockchain.
Tron (TRX) price is currently in the green by 1.10 percent at $0.0343 while Tether’s USDT is maintaining its peg at $1.00, up by 0.2 percent in the past 24 hours.